Global Payments Announces Agreements with Four More Casinos in the U.S. and Canada

January 22, 2009
Global Payments Announces Agreements with Four More Casinos in the U.S. and CanadaATLANTA, Jan 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Global Payments Inc. (NYSE: GPN), a leader in both payment processing and gaming cash access services, today announced agreements to provide four U.S. and Canadian casinos with its comprehensive suite of cash access products and services.

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Global will provide services to the following U.S. casinos: Downstream Casino Resort in Quawpaq, Oklahoma; Prairie Meadows Racetrack & Casino in Altoona, Iowa; and Delta Casino in Stockton, California. Services in Canada will be provided to Stampede Casino in Calgary, Alberta.

"These new relationships enable Global Payments to continue expanding acceptance of our LightSpeed products throughout North America. We are thrilled to have been selected by these gaming establishments and believe we offer revolutionary products that help build a strong, dependable customer base," said Senior Vice President of Global Payments Gaming Services, Dean DeCristoforo.

These gaming establishments have signed contracts to offer a number of Global's innovative products including PlayerCash @dvantage® credit and debit card cash advance services, VIP Preferred® check-cashing services, and ATM Cash @dvantage®.

VIP LightSpeed is an Internet-accessible, PC-based platform that provides cash access services for traditional and electronic check cashing, ATM check cashing, credit and debit card cash advances and credit reports. In addition, VIP LightSpeed provides high-speed processing of cash access transactions, reduction of risk associated with check-cashing and cash advance services, and a full spectrum of management and legal compliance reporting tools.

Global Payments Inc. (NYSE: GPN) is a leading provider of electronic transaction processing services for consumers, merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies, gaming establishments, and multi-national corporations located throughout the United States, Canada, Latin America, Europe, and the Asia-Pacific region. Global Payments offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. The company also provides consumer money transfer services from the U.S. and Europe to destinations in Latin America, Morocco, and the Philippines. For more information about the company and its services, visit http://www.globalpaymentsinc.com .

This announcement may contain forward-looking statements pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward looking statements involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, development difficulties, foreign currency risks, costs of capital, continued certification by credit card associations, the ability to consummate and integrate acquisitions, and other risks detailed in the Company's SEC filings, including the most recently filed Form 10-Q or Form 10K, as applicable. The Company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.

    Contact:  Phyllis McNeill
              Global Payments Inc.
              770-829-8245
              phyllis.mcneill@globalpay.com

SOURCE Global Payments Inc.


 
http://www.globalpaymentsinc.com